Impact of macroeconomic factors on development of Paki-stan

  • Authors

    • Ifran Khan PMAS-Arid Agriculture University, Pakistan
    • Muhammad Imran Nazir Zhongnan University of economics and law
    • Zeeshan Fareed Zhongnan University of economics and law
    • Muhammad Rizwan Nazir Mohammad Ali jinnah university islamabad
    • Faryal Faryal PMAS-Arid Agriculture University, Pakistan
    2017-05-11
    https://doi.org/10.14419/ijaes.v5i1.7538
  • Macroeconomic Factors, OLS, Economy of Pakistan.

  • Abstract

    Macroeconomic factors play a fundamental role in attracting the growth the country. This research examined the impact of various macroeconomic factors on GDP of Pakistan for the period of 1975-2015. The core objective of this research was to check the impact of inflation, investment, exchange rate and net export on development of Pakistan. The tool for analysis was Ordinary Least Square (OLS) multiple regression model. This research used Descriptive Statistics, Harvey's test for checking the heteroscedasticity and Breusch Godfrey LM test to check autocorrelation among variables. The results of this study show that inflation exerts negative significant effect on Pakistan GDP whereas investment shows positive significant effect and exchange rate have positive insignificant effect on GDP of Pakistan. Moreover net export has been highly positive significant on Pakistan GDP.

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  • How to Cite

    Khan, I., Nazir, M. I., Fareed, Z., Nazir, M. R., & Faryal, F. (2017). Impact of macroeconomic factors on development of Paki-stan. International Journal of Accounting and Economics Studies, 5(1), 63-67. https://doi.org/10.14419/ijaes.v5i1.7538

    Received date: 2017-04-02

    Accepted date: 2017-05-01

    Published date: 2017-05-11